Auto-debit bounce rates for loan EMIs inch up in March

In March, the bounce rates by value were at 22.8%, better than the pre-Covid range of 24.5%-25.0%, arresting the downward trajectory reflected all through FY22. Similarly, bounce rates by volumes, too, rose sequentially to 29.6% much better than the pre-Covid average of 30.5-31.5%.

from Banking/Finance-Industry-Economic Times https://ift.tt/C6d2Knl